Month: October 2020

C-Beauty Unicorn and Perfect Diary Parent Yatsen Files For U.S. IPO – WWD

[ad_1] LONDON — Guangzhou Yatsen E-Commerce Co., the parent company of cosmetics and skincare brands Perfect Diary, Little Ondine, and Abby’s Choice filed on Friday with the U.S. Securities and Exchange Commission in a U.S. initial public offering. No pricing terms were disclosed. Renaissance Capital said Yatsen will raise up to $100 million, making it …

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Elle Fanning, Emma Corrin Star in #GucciAbsoluteBeginners Films – WWD

[ad_1] LONDON — Gucci is releasing a series of short films in partnership with Dazed Media. The series, titled “#GucciAbsoluteBeginners,” invites 10 friends of the brand and Dazed collaborators to direct a film each for the first time and to “celebrates the potency of pop culture and naïveté, the beauty in amateurism, and exposes the …

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Michelle Smith Launches Direct-to-Consumer Luxury Business – WWD

[ad_1] Michelle Smith, the designer previously behind Milly, is striking out on her own. Smith left Milly last year after she and her husband and business partner, Andrew Oshrin, decided to divorce and sold Milly to MMJ LLC, a wholly owned subsidiary of S. Rothschild in April 2019. After taking some time off, Smith is …

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Asian Apparel Producers Struggle in COVID-19’s Wake – WWD

[ad_1] GENEVA — The COVID-19 pandemic crisis continues to “hit hard” the garment sector in major producing countries in the Asia-Pacific region —  including Bangladesh, Cambodia and Vietnam — due to the drop in global demand and the resulting delays or cancellations of orders and a collapse in garment exports, a report by the International …

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JNBY Unveils Headquarters with Tsutaya Books, Retail Concept B1ock – WWD

[ad_1] LONDON – JNBY Group, one of China’s largest publicly-traded fashion companies has officially moved into its modern headquarters, designed by renowned architect Renzo Piano. The Hangzhou complex, called OōEli started construction in 2012 and sits between Xixi National Wetland Park and the citys’ famed West Lake. It comprises 17 buildings for the group’s brands, …

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JCP Bankruptcy Sale Talks Enter Mediation Phase – WWD

[ad_1] J.C. Penney is mediating with a group of first-lien lenders and landlords Simon Property Group and Brookfield Property, to push forward their negotiations for a planned sale that would keep the retailer in business.  The mediation is taking place before U.S. Bankruptcy Judge Marvin Isgur in Texas, after the parties agreed to the process …

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